Cryptocurrencies: criminalise or legalise and regulate?
Friday 8 October 2021 – Vol.12 Ed.40.5
Commentary: Policing the virtual frontier
By Philip Middleton in London
The cryptocurrency debate is starting to sound like the longstanding war on drugs. Each of the main options – ban, decriminalise or legalise, regulate and leave to the market – has its steadfast and vociferous supporters. The clamour grows ever louder and, as with drugs, is seemingly no nearer a consensus, still less a solution. On the assumption that, in most democracies at least, the outcome to the debate is likely to be that of legalise and regulate, there will be three key initial questions.
Read the full commentary on the website.
Meeting: Stablecoins and their role in the financial system
Wednesday 20 October 14:00-15:00 BST
As regulators around the world pay closer attention than ever to stablecoins and call for increased regulation, the taxonomy of different stablecoins and their respective benefits and risks remain undetermined. Christian Catalini, chief economist, Diem Association, and Jai Massari, partner, Davis Polk & Wardwell, outline the role of different stablecoins in the financial system and discuss how regulators and central banks can respond.
Register to attend here.
